Sunday 28 April 2019

Anyone notice the Bitfinex Market Manipulation going on right now?


At the time of this posting, the top 10 market cap assets on Bitfinex are about 6% higher than any of the other major exchanges. They have maintained this higher price point for the past few hours. So naturally, I took a look at the short positions from the following chart:http://bit.ly/2ZFfrBL will notice the short positions on Bitfinex have jumped from 19075 on April 19th, 2019 (about 9 days ago) to 30330 at the time of this posting.Bitfinex is squeezing its own clients in hopes that they will close their positions and take a loss, at which point Bitfinex collects that money. Blatant cheating and manipulating asset prices in effort to scam money from traders.Unbelievable. via /r/Bitcoin http://bit.ly/2UHSJFy

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